Siesta Key Real Estate Blog

30% of Sales are Foreclosures

Siesta Key had a total of 134 single family sales in 2010, of these roughly 30% were distressed foreclosure sales. This includes both bank owned and short sales homes. Below is a chart showing the price anlysis of single familly home sale on Siesta Key in 2010.

There were a total of 134 homes sold, 40 of these were distressed sales, 11 bank owned and 29 short sales. The 95 non-distressed home sales sold for an average of $322/sq.ft which is $79.00 less per sq. ft. than the average sq. ft. price of the distressed sales.

Gulf and Bay Club: Bank Owned

There is a new bank owned condo listed for sale in the Gulf & Bay Club

The seller of this bank owned property has requested that the details not be posted on any web site.

However, I can tell you it is a 2 BR/ @ bath unit in the B building. It has gulf views from 1361 sq ft.

Gulf and Bay Club is one of the most desirable condominium complexes on Siesta Key and has the most amenities. 24 Hour Security, 3 Swimming Pools, Tennis Courts, the list goes on and on. Great on site rental office. 800 feet of private beach, 40 acres of landscaped oasis with lakes, fountains and tropical plantings, 8 tennis courts, 2 clubhouses, exercise facility, sauna, racquetball and basketball courts, shuffleboard, library, and covered

From November 18-21/10 thousands will be flocking to our beaches to view the Siesta Key Crystal Classic - a world class display of sand sculpting. The fine white sand in Siesta Key offers perfect conditions for this event, and you'll see the results in the amazing pieces of art created by master sculptors. We aren't talking little sandcastles here. Artists from all over the U.S. will be competing for over $25,000 in prize money.

Attracting an estimated 40,000 people, this is the largest tourism event offered in Siesta Key.

In addition to actually viewing the carvings, there will be several events that include:

With BP’s Deep Horizon disaster still pumping oil into the Gulf of Mexico, the worst fears of many Americans has been realized. There is a rallying cry by many local residents to stop offshore oil drilling completely. These calls for accountability will culminate in demonstrations at two local beaches this Saturday, June 26. Protests will be held on Anna Maria Island and at Siesta Key Beach at noon, however organizers have requested that patrons arrive at 11am in order to properly prepare for the event.

Named Hands Across the Sand, this protest will be part of a global effort to bring attention to the realities and dangers of offshore drilling. According to their website, “Hands Across the Sand is a movement made of people of all walks of

Siesta Key has consistently ranked highly in Stephen Leatherman's annual survey on the Top 10 beaches in America. This year, Siesta Public Beach was again ranked number two, only coming in behind a private beach in the Hamptons. According to the Sarasota Herald Tribune "the No. 1 honor went to Coopers Beach in Southampton, N.Y. -- a "tony" place that charges nonresidents $40 a day for beach parking." Siesta Key beach is free and so is parking everwhere on Siesta Key!

BP's recent Deep Horizon oil drilling blunder has many Florida residents worried about the possibility of oil reaching their beaches. However, there seems to be no reason for Sarasota to be concerned with Siesta Key according to the infamous "Dr. Beach."

Testimonials

Barbara and I want to thank you for the very professional work and personal attention you've given us over the last three months....you are far more patient than either of us, and gave us the direction and support when we ...